General News
ANCO Moves to Save Courier Industry from Unhealthy Practices
Members of the Association of Nigeria Courier Operators (ANCO) recently, took to the Eleguishi Beach located in Lekki, Lagos, to ponder on issues concerning postal and courier industry in Nigeria, many of which are unhealthy to the sector.
At the a-day retreat covered exclusively by Nigeria CommunicationsWeek, some industry practitioners received thumb-down for negligence on the operational rules of engagement, while ANCO vowed to collaborate with the Federal Government through the Courier Regulatory Department (CRD) of NIPOST to ensure the industry is purged of inadequacies.
Declaring the retreat open, Mr. Siyanbola Oladapo, national president of the Association, said that ANCO executives in agreement with the members deemed it necessary to relax in a serene environment and thinker on how matters concerning the industry can be addressed.
He said they needed an environment devoid of Lagos metropolis “noises” and interferences to mediate on identifiable cases.
What are these cases? He identified some of issues that demand urgent attention to include non-adherence to pricing regulations, unhealthy marketing, independent regulator, and quackery.
On pricing, the Oladapo said, “We are not just the people advocating for strict adherence to minimum price in the industry. Even the registrars and the CRD have urged operators to maintain this stand. CRD came up with the benchmark which we advice every player in the industry to adhere to”.
Nodding in agreement, Ms Lara Okuneye, vice president of ANCO said, “In a relaxed environment, you will be able to discuss freely with your colleagues. One of such issues is pricing. Some people go out there because they do not know what they want; they are just anxious about getting contract. During the process, they end up cutting corners. We want to rebrand the industry. Let them know that this industry is driven my integrity and competence. If you know you are of a royal blood, you wouldn’t behave like a street urchin”.
She alluded to Oladapo’s position that necessitated the retreat, thus, “We came out here to put heads together and muster courage to confront certain issues bedeviling the industry. This is actually the peak of our operations, but people are tensed up. We want them to be relaxed. In other words, we do not want to lose anybody. In doing that, we get to know each other and there are salient points we want to discuss”.
In same light, Imasuen Olajumoke, managing director of Ran Parcel Services limited told Nigeria CommunicationsWeek that, “Presently, we are not enjoying any uniform rate, even though it is there. Courier Regulatory Department (CRD) gave out these rates. Professionally, every courier firm should adhere to the rates. In my company, if we are deliver a parcel for you from Lagos to Maiduguri within 48 hours, N3,500 is the minimum charge. So, the industry needs an enforcement of regulatory rates.
“For ANCO, we can do a lot for the industry by emphasizing that we need to work as a team. The need for us to expand has come”.
Angered by the unceasing unhealthy marketing, scheming and gimmicks coupled with backstabbing, Mr. Okey Ubah, secretary general of ANCO, said that, a situation companies goes at the back to re-negotiate contracts already awarded to another firm, especially without superior and competitive edge, implies that some players are out to ruin others businesses.
“A situation where you have a contract to deliver parcels and as you cannot cover everywhere, it will require you network with your colleagues; the person goes behind to slander you before the client in other to take the advantage.
“Instead, bring up superior argument on why you should be allowed to carry out the delivery, as against such practices of backbiting.
“Secondly, when you expose your industry to the pushes of economic constraints, and that comes mainly from greenhorns, they do not ask how to get the job or channels of delivery. At the end, they will be constrained on how to carry out the delivery.
“When a job that should cost about N10, because someone is desperate for the venture he goes to negotiate for N5. At the end, he might not be able to deliver, dumps it or goes back for re-negotiation. By that, you are running yourself and the industry down. That is aggressive marketing, unnecessary scheming and inordinate marketing that is bad. In the mean time, you may think that is smartness, but it backfires”.
Oladapo slammed operators who cheapen themselves and berated others who have refused to abide by the rules, especially by registering with NIPOST.
He said, “If you are a professional, you have to abide by the principle, ethics, and rules guiding the profession. Companies tend to underrate the operators due to the economic outlook of the nation. Why some of the operators cause it themselves by disregarding the federal government’s pricing guides. We are saying, although there is no upper limit, but there should be a lower limit. We are trying to enforce it that the industry, might grow.
“It is another way to checkmate quackery: who are given to cutting corners. We have to make difference in the way the society perceives and treats us. We are interested in upholding the objectives, to promote the industry, ‘sanitize’ it and ensure that those who are not part of the reform are not been patronized by the innocent members of the public. There will be sanctions hence we are ready to work with the federal Government through the CRD to achieve the purpose”.
ANCO scribe also questioned the rationale behind some quoted companies that deliberately refuse to hold annual general meetings or print annual reports for their shareholders.
This attitude, he said, has led to hardship on the part of registrars and courier operators who are part of the value chain in the distribution and dispatch of the annual report.
Ubah said, “It shows the general decadence in the society. When you talk about registrars, it is not solely under their purview for annual reports to be printed for shareholders. It involves company secretaries, shareholders association, registrars, Securities and Exchange Commission (SEC), and Nigerian Stock Exchange (NSE). Should any of them compromise it affects others in the chain. The job of the registrars is to ensure the reports are distributed involving the courier firms.
“They do not even have the right to decide the quantity of reports to be printed. Primarily, the shareholders ought to react when their annual reports are not printed; send queries to SEC when they do not print the actual number of annual reports. When companies engage in such shoddy acts, it affects the registrars resources; by implication the courier companies have to downsize, . as breadwinners lose their jobs, people must survive in one way or the others, therefore, crime becomes thrives in the society. It is not advisable for companies to continue to surchange the system through that dubious means. Every shareholder is entitled to an annual report, whether in attendance during the meeting or not.
“The essence of the report is for them to diagnose the company’s performances and determine if to continue investing or otherwise. Such action is illegal and malicious. It has to be taken care of, because it affects businesses and the economy”.
They were agreed that these issues could be things in the past should the Federal Government deliver on its promise to give the industry an independent regulator.
Also speaking to Nigeria CommunicationsWeek, Ranti Shobande, ANCO’s Financial Secretary, said, “We were happy when we heard that the Federal Executive Council (FEC) has approved the moves for the Postal Commission Bill; we thought in a short while the nine (9) years lingering issue will be resolved.
“However, we have not heard from them again; besides, the office of the vice president is expected fine-tune the Bill. Look at a country like Ghana; there is no way you can compare postal sector in Nigeria to Ghana’s industry. Why the foot-dragging? I am beginning to believe vested interests are bent on killing the morale of the operators. But how long shall this continue?
Olajumoke agreed with Shobande’s postulation, adding that, “Countries that understand the positive impact of the postal & courier sector on the economy do not play politics with the sector. Even though they have embraced the internet and its courses, it has not deterred them from appreciating why the postal should be given a face-lift. They deliberately allowed the postal industry operations.
“Apart from the fact not everybody can operate the internet; these countries understand that people who work there should be protected. Outside Nigeria, postal industry receives a lot of attentions and assistance from the government. Until we appreciate that the best way to help this industry is to enact a law for the establishment of an independent body, then we might just be walking about a circle”.
Meanwhile, Mr. Toyin Adeojo, publicity secretary of the Association, said that, on the interim, the Federal Government should provide CRD with necessary tools to aid her operations; hence the industry must be sanitized before the country could reap from its numerous potentials.
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From Naruto to Attack on Titan, cybercriminals are increasingly using anime and other Gen Z favourites as bait. In a new report covering Q2 2024 – Q1 2025, Kaspersky has found over 250,000 cyberattacks disguised as popular anime among other shows and streaming platforms favoured by a younger audience.
To help Gen Z recognise these and other cyber risks, Kaspersky is launching “Case 404” — an interactive cybersecurity game, teaching how to protect their digital lives.
For many members of Generation Z, streaming is more than a pastime, it’s a way of life that provides connection to the characters, worlds and fandoms that define their identity.
From anime to nostalgia-fueled movie marathons, Gen Z’s connection to on-screen worlds runs deep. This unique attachment creates a security paradox: the more emotionally invested the viewer, the easier it is to trick them, and Gen Z’s enthusiasm is proving dangerously exploitable.
This is extremely evident in anime culture. Over 65% of Gen Z regularly watch anime, making them the most anime-engaged generation in history. For our analysis, Kaspersky’s experts selected five popular anime titles among Gen Z: Naruto, One Piece, Demon Slayer, Attack on Titan and Jujutsu Kaisen.
Kaspersky found 251,931 attempts to deliver malware or unwanted files disguised under the names of these anime titles. Cybercriminals are tapping into the trust and affection Gen Z has for these series, often using bait like “exclusive episodes”, “leaked scenes”, or “premium access”.
Among anime titles, Naruto took the top spot, despite first airing more than two decades ago. Over the reported period, it was used as bait in 114,216 attempted attacks. Demon Slayer followed with 44,200 attack attempts.
Its meteoric rise in recent years, amplified by viral moments and a growing global fanbase, made it a natural target for cybercriminals looking to ride the wave of hype. Meanwhile, Attack on Titan — a long-standing favourite — ranked third with 39,433 detected attempts to distribute malicious content.
Apart from anime, Kaspersky also analysed five iconic films and series that continue to resonate with Gen Z: Shrek, Stranger Things, Twilight, Inside Out 2, and Deadpool & Wolverine.
These films and shows alone accounted for 43,302 attack attempts with a pronounced spike in attention to these titles from cybercriminals at the beginning of 2025. This is primarily connected to the rise of attacks on Shrek, with over 36,000 attempts in total and a sharp spike in March 2025, double the monthly average for 2024.
Platforms like Netflix, Amazon Prime Video, Disney+, Apple TV Plus and HBO Max have reshaped movies, series, and anime watching into an immersive, on-demand experience that caters to Gen Z’s love of personalised content and global storytelling. However, this has also created fertile ground for cybercriminals.
Kaspersky detected 96,288 attempts to distribute malicious or unwanted files disguised as the names of these major streaming platforms. Unlike seasonal trends, streaming platforms offer a continuous flow of content, from highly anticipated premieres to hidden gems that viewers discover months or even years after release.
When examining which streaming services were most frequently used by cybercriminals, Netflix stood out by far, involved in 85,679 attack attempts and associated with over 2.8 million phishing pages imitating its branding.
Cybercriminals take advantage of the constant traffic, broad global reach, and frequent subscription-based activity. They mimic login pages, share “free trial” links, or spoof password reset emails with full knowledge of how central Netflix is to Gen Z’s digital routine.
As Gen Z’s daily life becomes inseparable from streaming platforms, fandom spaces, and social media communities, cyberthreats evolve to mirror their interests. To meet this challenge, Kaspersky has launched an interactive online game, “Case 404”, designed specifically for Gen Z. “Case 404” invites players to become cyber-detectives and solve immersive cybercrime cases.
Through this digital adventure, Kaspersky is not just highlighting risks but empowering Gen Z to develop their mindset and skillset to stay safe in an increasingly vulnerable online world. As a reward for completing the game, participants receive a discount on Kaspersky Premium, giving them trusted tools they need to navigate the digital world safely.
“As the world of entertainment continues to evolve, so do the tactics used by cybercriminals to exploit popular content, whether through fake downloads or fraudulent merchandise offers.
“From beloved anime like Naruto and Demon Slayer to the latest blockbusters like Inside Out 2, scammers have found new ways to take advantage of Gen Z’s affinity for digital culture and streaming platforms. With the rise of these cyberthreats, it’s more important than ever for young users to stay vigilant and understand how to protect themselves online,” comments Vasily Kolesnikov, security expert at Kaspersky.
In total, African countries lost 60 million euros in rejected Schengen visa fees in 2024, analysis from the LAGO Collective has shown.
According to CNN, when Joel Anyaegbu’s application for a Schengen visa to travel to Barcelona was denied late last year, he was surprised but immediately reapplied.
He sent in more documents than were required, including bank statements and proof of property ownership in Nigeria.
He was rejected again.
“The information submitted regarding the justification for the purpose and conditions of the intended stay were not reliable,” read a checklist returned with his passport from the Spanish consulate in Lagos. The 32-year-old gaming consultant said he felt humiliated.
“I had to cancel meetings with partners at the conference I was attending,” he told CNN.
“I emailed the embassy to understand why I was denied but it has not been answered to date.”
Anyaegbu’s was among the 50,376 short-stay Schengen visa applications rejected in Nigeria last year, nearly half of all submissions, according to newly released data from the European Commission.
Applicants worldwide pay a non-refundable visa fee of 90 euros (about $100), so Nigerians alone lost over 4.5 million euros (about $5 million) seeking permission to travel to the 29 European countries that make up the Schengen Area.
In total, African countries lost 60 million euros ($67.5 million) in rejected Schengen visa fees in 2024, analysis from the LAGO Collective showed.
The London-based research and arts organization has been monitoring data on European short-term visas since 2022 and said Africa is the continent worst affected by the cost of visa rejections.
“The poorest countries in the world pay the richest countries in the world money for not getting visas,” its founder Marta Foresti told CNN.
“As in 2023, the poorer the country of application, the higher the rejection rates. African countries are disproportionately affected with rejection rates as high as 40-50% for countries like Ghana, Senegal and Nigeria.”
She says this proves “inbuilt discrimination and bias” in the process.
A European Commission spokesperson told CNN that member states consider visa applications on a case-by-case basis.
“Each file is assessed by experienced decision-makers on its own merits, in particular regarding the purpose of stay, sufficient means of subsistence, and the applicants’ will to return to their country of residence after a visit to the EU,” the spokesperson said via email.
Africans have long complained about inconsistent, sometimes baffling decisions about who gets approved or denied while applying for European visas.
Cameroonian Jean Mboulé was born in France but when he applied for a visa in 2022 alongside his wife using similar documents, his application was rejected but hers was not.
“At the time she was unemployed but with a South African passport. She had no income but received a visa on the back of my financial statement,” he told CNN.
“But the embassy said they refused my application because my documents were fake, and they weren’t sure I would come back to South Africa, where I am a permanent resident, if I went to France.”
The 39-year-old regional executive took legal action in French courts and won, forcing the French embassy in Johannesburg to grant his visa and pay him a fine of 1,200 euros.
He told an administrative tribunal in the French city of Nantes that the embassy’s decision to deny him a visa was “tainted by insufficient reasoning.”
Mboulé pointed out that he had provided sufficient guarantees that he would return at the end of his trip to his wife and daughter in South Africa where he owns a building. After he got the visa, he chose to go to Mauritius instead as he didn’t want to spend his money in France.
The EU said its member states consider visa applications on a case-by-case basis.
The Cameroonian’s case is unique as many Africans denied Schengen visas rarely appeal or contest the decisions in court.
Like Anyaegbu, the Nigerian gaming consultant, they often reapply, losing more money in the process.
Mboulé has travelled several times to the UK and other African countries but was still denied twice for Schengen.
“The financial cost of rejected visas is just staggering; you can think of them as ‘reverse remittances,’ money flowing from poor to rich countries, which we never hear about,” the LAGO Collective’s Foresti says.
Schengen visa fees increased from 80 to 90 euros in July 2024, making it even more expensive for the world’s poorest applicants.
But South African management lecturer Sikhumbuzo Maisela said the visa rejection rates for Africans were lower than he expected.
“The visa vetting process seems to be shaped less by outright prejudice and more by historical patterns of behaviour,” he told CNN via email.
“Western countries have had instances where visa holders overstayed or violated terms, and this has influenced how future applications are scrutinized.”
IFC, a member of the World Bank Group, has partnered with Standard Chartered to bolster local currency financing for private enterprises in emerging markets.
Standard Chartered will provide local currency loans to IFC in selected markets, which IFC will subsequently on-lend to private-sector projects.
The inaugural transaction under this collaboration is a loan of 9 billion Kenyan shillings (equivalent to approximately 70 million US dollars) to IFC, which will support the advancement of digital infrastructure in Kenya.
“With exchange rate volatility and rising debt pressures the need for local currency financing in emerging markets has become increasingly evident. When businesses borrow in the same currency as their revenues, they can concentrate on growth instead of exchange rate fluctuations,” said John Gandolfo, IFC Vice President and Treasurer, Treasury & Mobilization. “As we increase our local currency financing abilities, we plan to replicate this facility in other currencies across the globe.”
Sunil Kaushal, Global Co-Head, Corporate & Investment Banking, and CEO, ASEAN and South Asia markets, Standard Chartered said: “This landmark transaction in Kenya reflects our commitment to supporting financial resilience in local markets.
By partnering with IFC, we’re delivering local currency solutions that help corporates in emerging markets manage currency volatility and access the long-term capital they need to grow. With our deep roots and liquidity access across emerging markets, we are well positioned to scale this initiative and enable more businesses to access stable financing options.”
Kariuki Ngari, Managing Director and Chief Executive Officer, Kenya and Africa, Standard Chartered said: “This partnership represents a pivotal step forward in enhancing Africa’s financial resilience. By facilitating local currency financing, we not only address one of the most significant challenges facing the businesses across the continent – exchange rate vitality – but also open up new avenues for long term economic growth.
Kenya’s digital infrastructure sector is particularly well positioned to benefit from this inaugural transaction, setting the stage for scalable and sustainable financing solutions. These models will drive economic growth and empower local enterprises supporting prosperity across Africa.”
Exchange rate volatility presents a risk for companies that borrow in hard currency, such as the US dollar, but get paid in local currency.
Many local companies in emerging markets lack the capacity to effectively manage these currency risks. Therefore, securing local currency financing at competitive rates with flexible features is increasingly important to meet the growing need for diverse financing options among local companies.
IFC has increased its collaboration with global, regional and local banks to provide more local currency financing to clients. The organization has offered local currency products—such as loans and bonds, structured finance products, and risk-management solutions since the early 1990s.
Between FY15 and FY24, IFC committed local currency senior debt financing of over $30 billion US dollars in 67 local currencies through loans and bonds, structured products, and risk-management solutions.
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